Showing 1 - 10 of 25,678
of understanding reasons behind the low demand of immediate annuities, two behavioural models, cumulative prospect theory …
Persistent link: https://www.econbiz.de/10012864248
the optimal weights of gold as ‘flight-to-safety assets' during the crisis period. The results also show that hedging … costs have significantly increased during Phase II. The hedging effectiveness (HE) index shows that the hedge is effective …
Persistent link: https://www.econbiz.de/10012831892
comprehensive estimates of foreign investors' U.S. dollar (USD) security holdings and currency hedging practices. We find that … USD hedging volume by insurance, pensions and mutual funds amounts to \$2 trillion per annum. We benchmark foreign … investors' USD holdings and hedging patterns using a mean-variance framework, and discuss important empirical drivers of USD …
Persistent link: https://www.econbiz.de/10014350023
The failure of financial institutions is often depicted as an externally-driven event in which certain triggers almost inevitably lead to the collapse of the firm. In contrast, this paper views institutional failure as a multistage process in which precautionary measures taken by the firm can...
Persistent link: https://www.econbiz.de/10013089043
A securities lending transaction is collateralized with cash in the amount of securities' market value plus a margin or haircut. Haircuts necessarily depend on the securities and the security borrowers. This article extends a repo haircut model to securities lending that captures asset...
Persistent link: https://www.econbiz.de/10012824433
Private trade credit insurance - covering the risk of non-payment - plays an important role in facilitating domestic and international trade, especially within Europe. Due to lack of data, however, very little is known about the influence of shocks on the market for private trade credit...
Persistent link: https://www.econbiz.de/10013027434
Persistent link: https://www.econbiz.de/10012991365
A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...
Persistent link: https://www.econbiz.de/10013033194
The ultimate goal of this contribution is to formulate fish trade policy recommendations that can be deployed to help achieve the relevant Sustainable Development Goals of the United Nations (SDGs). Even though all the 17 SDGs are relevant to the issues addressed in this contribution, I will...
Persistent link: https://www.econbiz.de/10011612161
The losses from the 2011 earthquakes in Japan remained in Japan, while reinsurance spread the losses from that year's New Zealand earthquake to the rest of the world.This paper finds that the Japanese case is more typical: losses from natural disasters are shared internationally to a generally...
Persistent link: https://www.econbiz.de/10012863475